Training Updates

Backtracking is a valuable practice that involves reviewing past price action of stocks/ETFs to identify discernible patterns.

The Heiken-Ashi candlestick technique provides a modified version of traditional candlestick charts. The modification makes trends easier to spot, but may delay some signals compared to traditional candlestick charts. If you are not familiar with Heiken-Ashi candlestick charts, follow this link to take our training: https://youtu.be/J3IEl4NLDw0 A Doji on Heiken-Ashi candlestick charts represents a situation…

In the complex waters of stock trading, wisdom often comes wrapped in maritime metaphors. The saying “An incoming tide floats all boats” beautifully encapsulates the notion that the overall market trends can powerfully influence individual stock performance. In this training, we will delve into the nuances of understanding market trends, discerning inflows and outflows, and…

Avoiding Common Mistakes in Stock Trading In the fast-paced world of stock trading, even a momentary lapse in judgment can lead to significant financial losses. Just like a ship’s captain navigating treacherous waters, traders must be vigilant, prepared, and adaptable. Whether you are a novice looking to break into the world of trading or a…

In a world overwhelmed by information, simplicity is not just a virtue; it’s a necessity. The wisdom encapsulated in this statement holds true for several fields, but it is especially vital in the often turbulent waters of stock trading. In our endeavor to maximize profits, we often get entangled in a web of complex strategies…

Let’s explore the most common mistakes made by traders and provide valuable insights on how to prevent them. By understanding these pitfalls and implementing proactive strategies, traders can enhance their decision-making process and improve their overall trading performance. 1. Not having a well-defined trading plan: One of the most prevalent mistakes made by traders is…

Markets are never wrong – opinions often are. — Jesse Livermore Jesse Livermore, a legendary stock trader of the early 20th century, revolutionized the field of stock trading with his innovative techniques and theories. Livermore’s success can be attributed to his deep understanding of the relationship between volume and price in the stock market. It…

The best trading strategy in the world will never work, if you allow your emotions to overrule your logic. — Thom Goolsby Price action gives us a clear picture of what has and is currently occurring regarding the value of a stock/ETF. Volume analysis helps us see why price has been changing. Plus, it gives…

Wishful thinking must be banished. — Jesse Livermore The combination of volume and Heiken-Ashi candlesticks is a powerful toolset for traders to improve their practice* trading results. By integrating these two elements, you can gain valuable insights into market dynamics, enhance trend identification and make more informed trading decisions. In the following four bullet points,…

https://youtu.be/T2VuzRK2NUU Sign up at Trading View access my platform and charts: https://www.tradingview.com/gopro/?share_your_love=ThomGoolsby How to Set Up Our Three Time Frame Chart on TradingView: https://youtu.be/wLwTnrtAOTA Revolutionize Your Trading! Learn the basics of the Three Waves Technique: https://youtu.be/Ga1YDvNKpF0 I have opened my page to sharing. Find me on TradingView at Thom Goolsby. Here at Charting Wealth, we…